Simpson Thacher is representing Blackstone Tactical Opportunities in connection with the announced acquisition of a retirement village portfolio in New Zealand from Lendlease, a leading international property and infrastructure group.

Blackstone Tactical Opportunities Fund L.P. specializes in buyouts, financial institution breakups, re-insurance, and improving freight mobility. The fund seeks to invest in shipping, real estate, corporate or consumer loans, and alternative energy. The firm, led by Chad Rustan Pike, David Scott Blitzer, Jasvinder Khaira and Naveen Bhatia, is based in New York.
The portfolio comprises five fully completed villages, four in Auckland (the Knightsbridge, Mayfair, Parklane and Peninsula Club) and one in Mt. Maunganui (Ocean Shores). The transaction, which is expected to close in the next several months, is subject to relevant regulatory approvals. Terms of the transaction were not disclosed.
The Simpson Thacher team includes Anthony King (Picture), Jonathan Hwang and Bridget Huang (Real Estate); and Chris Bell and Jackie Kahng (Banking and Credit).
Involved fees earner: Anthony King - Simpson Thacher & Bartlett; Jonathan Hwang - Simpson Thacher & Bartlett; Christopher Bell - Simpson Thacher & Bartlett; Jackie Joohee Kahng - Simpson Thacher & Bartlett;